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Side-by-side financial comparison of Anika Therapeutics, Inc. (ANIK) and UNITY BANCORP INC (UNTY). Click either name above to swap in a different company.

UNITY BANCORP INC is the larger business by last-quarter revenue ($35.3M vs $29.6M, roughly 1.2× Anika Therapeutics, Inc.). On growth, UNITY BANCORP INC posted the faster year-over-year revenue change (24.2% vs 13.2%). Over the past eight quarters, UNITY BANCORP INC's revenue compounded faster (17.5% CAGR vs -1.8%).

Unity Bancorp Inc is a New Jersey-headquartered financial holding company operating Unity Bank. It offers a full range of commercial and retail banking services including business loans, deposit products, mortgage services, and personal banking solutions, primarily serving small and medium-sized enterprises and individual consumers across local communities in New Jersey and eastern Pennsylvania.

ANIK vs UNTY — Head-to-Head

Bigger by revenue
UNTY
UNTY
1.2× larger
UNTY
$35.3M
$29.6M
ANIK
Growing faster (revenue YoY)
UNTY
UNTY
+11.0% gap
UNTY
24.2%
13.2%
ANIK
Faster 2-yr revenue CAGR
UNTY
UNTY
Annualised
UNTY
17.5%
-1.8%
ANIK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ANIK
ANIK
UNTY
UNTY
Revenue
$29.6M
$35.3M
Net Profit
$15.5M
Gross Margin
64.2%
Operating Margin
17.3%
55.8%
Net Margin
43.9%
Revenue YoY
13.2%
24.2%
Net Profit YoY
34.5%
EPS (diluted)
$0.27
$1.52

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ANIK
ANIK
UNTY
UNTY
Q1 26
$29.6M
Q4 25
$30.6M
$35.3M
Q3 25
$27.8M
$32.8M
Q2 25
$28.2M
$34.4M
Q1 25
$26.2M
$29.4M
Q4 24
$30.6M
$28.4M
Q3 24
$29.6M
$27.7M
Q2 24
$30.7M
$25.5M
Net Profit
ANIK
ANIK
UNTY
UNTY
Q1 26
Q4 25
$292.0K
$15.5M
Q3 25
$-2.3M
$14.4M
Q2 25
$-4.0M
$16.5M
Q1 25
$-4.9M
$11.6M
Q4 24
$-21.9M
$11.5M
Q3 24
$-29.9M
$10.9M
Q2 24
$-88.0K
$9.5M
Gross Margin
ANIK
ANIK
UNTY
UNTY
Q1 26
64.2%
Q4 25
62.6%
Q3 25
56.0%
Q2 25
50.9%
Q1 25
56.1%
Q4 24
56.0%
Q3 24
65.7%
Q2 24
66.7%
Operating Margin
ANIK
ANIK
UNTY
UNTY
Q1 26
17.3%
Q4 25
2.1%
55.8%
Q3 25
-11.6%
57.5%
Q2 25
-14.8%
62.6%
Q1 25
-16.4%
52.6%
Q4 24
-2.3%
51.0%
Q3 24
-0.3%
52.7%
Q2 24
-5.9%
49.3%
Net Margin
ANIK
ANIK
UNTY
UNTY
Q1 26
Q4 25
1.0%
43.9%
Q3 25
-8.4%
43.8%
Q2 25
-14.1%
48.0%
Q1 25
-18.6%
39.5%
Q4 24
-71.4%
40.5%
Q3 24
-101.2%
39.4%
Q2 24
-0.3%
37.1%
EPS (diluted)
ANIK
ANIK
UNTY
UNTY
Q1 26
$0.27
Q4 25
$0.02
$1.52
Q3 25
$-0.16
$1.41
Q2 25
$-0.28
$1.61
Q1 25
$-0.34
$1.13
Q4 24
$-1.49
$1.13
Q3 24
$-2.03
$1.07
Q2 24
$0.00
$0.92

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ANIK
ANIK
UNTY
UNTY
Cash + ST InvestmentsLiquidity on hand
$41.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$133.9M
$345.6M
Total Assets
$179.4M
$3.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIK
ANIK
UNTY
UNTY
Q1 26
$41.0M
Q4 25
$81.2M
Q3 25
$80.2M
Q2 25
$77.1M
Q1 25
$75.4M
Q4 24
$79.2M
Q3 24
$90.7M
Q2 24
$96.6M
Total Debt
ANIK
ANIK
UNTY
UNTY
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$230.8M
Q3 24
Q2 24
Stockholders' Equity
ANIK
ANIK
UNTY
UNTY
Q1 26
$133.9M
Q4 25
$143.5M
$345.6M
Q3 25
$146.8M
$334.0M
Q2 25
$147.7M
$319.8M
Q1 25
$148.4M
$306.1M
Q4 24
$154.0M
$295.6M
Q3 24
$179.9M
$284.3M
Q2 24
$210.3M
$273.4M
Total Assets
ANIK
ANIK
UNTY
UNTY
Q1 26
$179.4M
Q4 25
$190.3M
$3.0B
Q3 25
$189.4M
$2.9B
Q2 25
$187.7M
$2.9B
Q1 25
$190.6M
$2.8B
Q4 24
$202.7M
$2.7B
Q3 24
$231.4M
$2.6B
Q2 24
$262.7M
$2.6B
Debt / Equity
ANIK
ANIK
UNTY
UNTY
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.78×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ANIK
ANIK
UNTY
UNTY
Operating Cash FlowLast quarter
$44.9M
Free Cash FlowOCF − Capex
$44.3M
FCF MarginFCF / Revenue
125.7%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
2.90×
TTM Free Cash FlowTrailing 4 quarters
$81.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIK
ANIK
UNTY
UNTY
Q1 26
Q4 25
$4.6M
$44.9M
Q3 25
$6.9M
$45.5M
Q2 25
$-189.0K
$-25.3M
Q1 25
$-130.0K
$17.9M
Q4 24
$1.6M
$48.0M
Q3 24
$5.0M
$17.7M
Q2 24
$-1.1M
$-8.4M
Free Cash Flow
ANIK
ANIK
UNTY
UNTY
Q1 26
Q4 25
$4.0M
$44.3M
Q3 25
$5.0M
$45.3M
Q2 25
$-1.7M
$-25.5M
Q1 25
$-3.0M
$17.6M
Q4 24
$275.0K
$47.3M
Q3 24
$3.8M
$17.5M
Q2 24
$-4.5M
$-8.6M
FCF Margin
ANIK
ANIK
UNTY
UNTY
Q1 26
Q4 25
13.0%
125.7%
Q3 25
17.9%
138.1%
Q2 25
-5.9%
-74.2%
Q1 25
-11.3%
59.9%
Q4 24
0.9%
166.5%
Q3 24
12.9%
63.3%
Q2 24
-14.6%
-33.7%
Capex Intensity
ANIK
ANIK
UNTY
UNTY
Q1 26
Q4 25
2.1%
1.6%
Q3 25
6.8%
0.7%
Q2 25
5.2%
0.5%
Q1 25
10.8%
1.0%
Q4 24
4.3%
2.4%
Q3 24
4.1%
0.5%
Q2 24
11.1%
0.5%
Cash Conversion
ANIK
ANIK
UNTY
UNTY
Q1 26
Q4 25
15.88×
2.90×
Q3 25
3.16×
Q2 25
-1.54×
Q1 25
1.54×
Q4 24
4.17×
Q3 24
1.62×
Q2 24
-0.89×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ANIK
ANIK

OEM Channel$17.0M57%
Commercial Channel$12.6M43%

UNTY
UNTY

Segment breakdown not available.

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